TRID - Low price + Strong demand
I am either really, really dumb when it comes to TRID or I am a patient investor.
Again, my take is that TRID is worth $40 - at 11X current sales, it is trading at a 40% discount to its peers. So, I'll sit tight waiting for that return. A 100% return in 3 years is good.
In the meantime, it keeps crashing on major up days.
Here's what CIBC just reported
Trident Micro (NASDAQ:TRID): Low valuation + strengthening demand- CIBC is reiterating Sector Outperformer rating and $28 tgt on Trident Micro (NASDAQ:TRID) after CFO John Edmunds participated in a series of investor meetings during the CIBC Consumer Semiconductor Conference in NYC.
Industry indicators signal a strong C2H07, and image processing champ TRID remains firm's favorite DTV pick.Based on recent checks, they believe rebounding panel pricing is being partly driven by robust 2H 32-inch+ Tier-1 TV demand (TRID's sweet spot). These leading indicators, & the rapid ramp of 1080P (Sharp, Samsung, & Sony own 85%+ of this segment) point to a strong CY2H07 for TRID.
Checks further indicate strengthening demand could generate CY07 TV unit sell of as much as 78M, well-above CIBC's current 72M estimate, with growing Tier- 1 mix. They also expect TRID should be able to file its delinquent 10K/Qs by mid- July, prior to their release of June Q results.
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So we have strong and strengthening demand per the CFO and per independent analysis.
We have a hugely oversold company
We have the potential to see the options issue resolved. That is important for several reasons. First, nobody likes to invest where there is unknown risk.
But mainly because the stock will burst onto investors radar screens when they see the P/E and growth. I think the P/E will show up around 15 versus a 50%+ growth rate.
I want to see how low this puppy will go, because I am going to buy some calls - January $25s I think
Again, my take is that TRID is worth $40 - at 11X current sales, it is trading at a 40% discount to its peers. So, I'll sit tight waiting for that return. A 100% return in 3 years is good.
In the meantime, it keeps crashing on major up days.
Here's what CIBC just reported
Trident Micro (NASDAQ:TRID): Low valuation + strengthening demand- CIBC is reiterating Sector Outperformer rating and $28 tgt on Trident Micro (NASDAQ:TRID) after CFO John Edmunds participated in a series of investor meetings during the CIBC Consumer Semiconductor Conference in NYC.
Industry indicators signal a strong C2H07, and image processing champ TRID remains firm's favorite DTV pick.Based on recent checks, they believe rebounding panel pricing is being partly driven by robust 2H 32-inch+ Tier-1 TV demand (TRID's sweet spot). These leading indicators, & the rapid ramp of 1080P (Sharp, Samsung, & Sony own 85%+ of this segment) point to a strong CY2H07 for TRID.
Checks further indicate strengthening demand could generate CY07 TV unit sell of as much as 78M, well-above CIBC's current 72M estimate, with growing Tier- 1 mix. They also expect TRID should be able to file its delinquent 10K/Qs by mid- July, prior to their release of June Q results.
----------------------
So we have strong and strengthening demand per the CFO and per independent analysis.
We have a hugely oversold company
We have the potential to see the options issue resolved. That is important for several reasons. First, nobody likes to invest where there is unknown risk.
But mainly because the stock will burst onto investors radar screens when they see the P/E and growth. I think the P/E will show up around 15 versus a 50%+ growth rate.
I want to see how low this puppy will go, because I am going to buy some calls - January $25s I think
posted by Andrew at
7:13 AM
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